Prime NNN Investment Opportunity 24,970 SF industrial building fully leased to Johnstone Supply through April 2030. Current base rent is $12,885/month with 2% annual escalations, and two 5-year renewal options at market rate. Landlord responsibilities are limited to structure and roof. Johnstone Supply is a national HVAC/R distributor with 460+ locations. The Rapid City location, operated by SF2RC LLC, holds 48% local market shareâthe largest in the region. This structure provides reliable, long-term tenancy with substantial financial backing. Built in 2020, the facility offers high-quality infrastructure including 18.5â center ceiling height, 14â sidewalls, an 8âW x 10âT dock door and drive-through OH door with ramp, fire sprinklers, hanging OH heaters, and 3-phase/480V power. Interior includes three private offices, four shared workstations, a training room, classroom, full break room/kitchen, and a climate-controlled showroom. Located on Rapid Cityâs active Deadwood Ave corridor, this asset combines modern construction, strong tenancy, and a passive income profile ideal for investors seeking stability and growth.
Presented By: KELLER WILLIAMS REALTY BLACK HILLS
Interior Features for 1962 Deadwood Ave
Other Interior Features
BasementNone
Floor CoveringConcrete
WallsMetal
General for 1962 Deadwood Ave
Auction Y/NNo
CityRapid City
ConstructionSteel Frame
CoolingOffice Only
CountyPennington
Docs on FileLeases
Leased100%
ParkingAsphalt/Off-Street
Postal Code57702
Primary CityRapid City
Public RemarksPrime NNN Investment Opportunity 24, 970 SF industrial building fully leased to Johnstone Supply through April 2030. Current base rent is $12, 885/month with 2% annual escalations, and two 5-year renewa
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